MGT 3304 Chapter Notes - Chapter 4: Multinational Corporation, E-Commerce, Trade Barrier
Document Summary
Lower labor costs: maquiladoras- manufacturing plants allowed to operate in mexico with special privileges in return for employing mexican citizens, 4. Avoidance of tariffs and import quotas: how companies expand internationally, 1. Global outsourcing: outsourcing- defined as using suppliers outside the company to provide goods and services, global outsourcing/offshoring- using suppliers outside the us to provide labor, goods or services, 2. Importing- a company buys goods outside the country and resells them domestically: exporting- a company produces goods domestically and sells them outside the country, countertrading- bartering goods for goods, 3. Nafta- north american free trade agreement- trading block between: us, canada. Mexico: 2. eu- european union- 28 trading partners in europe, 3. Apec- asia-pacific economic cooperation- a group of 21 pacific rim countries whose purpose is to improve economic and political ties: 4. Asean- association of southeast asian nations- a trading bloc of 10 countries in asia: 5.
